The value of construction work done in Australia was down a seasonally adjusted 0.9 percent on quarter in the first quarter of 2022, the Australian Bureau of Statistics said on Wednesday – coming in at A$55.663billion.
That missed expectations for an increase of 1.0 percent following the 0.4 percent contraction in the three months prior. It was up 1.4 percent on year.
Non-residential construction fell 1.8 percent on quarter and rose 1.0 percent on year to A$11.841 billion, while engineering construction fell 0.4 percent on quarter and climbed 4.8 percent on year to A$23.551 billion. Building construction sank 1.3 percent on quarter and 1.1 percent on year to A$30.111 billion.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
